***NOTES: Raise trailing stop IYR 69.89 and CORN to 33.87
Raise Sell Stop EWP 41.44
STOPPED OUT IFN Filled 21.74
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Existing Position: TBT: Long 63.04 ATR 1.07
Name of Instrument: Ultrashort Lehman 20+ Yr Treasuries
Sell Stop: 61.94
Current Price: 63.60
Reason For Trade: Total bottom fishing based on recent brick wall bottom. Tight risk to under recent lows. I also see a possible sea change with the FED as far as keeping rates low along with the start of some potentially inflationary data-rising cost, lower production.
First Target: 67.24 for 1/2
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Existing Position: Long ½ Position EWP 41.76 ATR .48
Name of Instrument: iShs MSCI Spain Capped
Reason For Trade: Upgraded last week, cleared the 80 month moving average-has potential for much bigger move
Current Price: 42.30
RAISED****Sell Stop: 41.44
First Target: 3-4 ATRs TBD
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Existing Position: Long IFN ATR .33 Filled 22.32 STOPPED out 21.74
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Existing Position: Long ½ IYR 68.30 ATR .69
Name of Instrument: iShares Real Estate ETF
Current Price: 71.08
RAISED***Trailing stop 69.89
Reason For Trade: Showing relative strength in weak tape with a move and hold over the 50 DMA.
Target 1: 70.44 for ½ REACHED!!!
Target 2: 71.74 for another 1/2
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Existing Position: CORN: Long 30.67 Position Size left 17%
Name of Instrument: Teucrium Corn Fund
Current Price: 35.16
RAISED***Trailing Stop: 33.87